Bessent to Push New Residency Rule for Regional Fed Presidents

Treasury Secretary Scott Bessent on Wednesday said he will push for a new rule that candidates for regional Federal Reserve presidents must have lived in that district for at least...

By Daniel Flatley, Enda Curran · Bloomberg Markets

Treasury Secretary Scott Bessent on Wednesday said he will push for a new rule that candidates for regional Federal Reserve presidents must have lived in that district for at least three years.